{"id":144291,"date":"2020-10-15T05:47:11","date_gmt":"2020-10-15T05:47:11","guid":{"rendered":"http:\/\/www.gcmasia.co\/analysis\/en\/?p=144291"},"modified":"2020-10-15T05:47:11","modified_gmt":"2020-10-15T05:47:11","slug":"151020-afternoon-session-analysis","status":"publish","type":"post","link":"https:\/\/www.gcmasia.co\/analysis\/en\/information\/day\/151020-afternoon-session-analysis\/","title":{"rendered":"151020 Afternoon Session Analysis"},"content":{"rendered":"

15 October 2020\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Afternoon Session Analysis<\/strong><\/p>\n

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Stricter rules continue pressured on Euro.<\/strong><\/span><\/p>\n

The single currency of European Zone, Euro received huge bearish momentum recently amid resurgence of second wave Covid-19 loom across Europe. According to the Worldometer Statistics, major countries in European Zone such as France and Germany have recorded new confirmed cases of 22,591 and 6,063 respectively on yesterday. In details, France have announced to restore the state of health emergency, which forced French government to imposed tighter coronavirus restrictions in the most affected cities. Under the stricter restriction, Bars and restaurant will have to close while curfew will be implemented as well in order to curb the spread of Coronavirus. Besides, Germany government has also reached a consensus on agreeing tighten the mask-wearing rules and disallowed bars to operate at night in areas where Coronavirus infection rates are high. Other than that, investors also put their attention on the latest development of Brexit\u2019s talk between EU and UK in order to gauge the direction of Euro. As of now, the pair of EUR\/USD plunged 0.02% to 1.1745.<\/p>\n

 <\/p>\n

In the commodities market, the crude oil price surged 0.19% to $41.10 per barrel amid weaker-than-expected inventories data continue boosted the positive sentiment of oil market. Hence, market participants are eyeing on the upcoming EIA inventory data in order to scrutinize the oil market\u2019s trend. Besides, gold price dropped 0.20% to $1898.00 per troy ounce amid strengthening of US Dollar.<\/p>\n

<\/u><\/p>\n

Today\u2019s Holiday Market Close<\/u><\/p>\n

Time\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Market\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Event<\/strong><\/p>\n

N\/A<\/p>\n

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Today\u2019s Highlight Events<\/u><\/p>\n

Time\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Market\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Event<\/strong><\/p>\n

Tentative\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 GBP\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Autumn Budget<\/p>\n

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Today\u2019s Highlight Economic Data<\/u><\/p>\n\n\n\n\n\n\n
Time<\/strong><\/td>\nNation & Data<\/strong><\/td>\nPrevious<\/strong><\/td>\nForecast<\/strong><\/td>\nActual<\/strong><\/td>\n<\/tr>\n
20.30<\/td>\nUSD \u2013 Initial Jobless Claims<\/td>\n840K<\/td>\n825K<\/td>\n–<\/td>\n<\/tr>\n
20.30<\/td>\nUSD – Philadelphia Fed Manufacturing Index (Oct)<\/td>\n15.0<\/td>\n14.0<\/td>\n–<\/td>\n<\/tr>\n
23.00<\/td>\nCrudeOIL \u2013 Crude Oil Inventories<\/td>\n0.501M<\/td>\n-2.835M<\/td>\n–<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

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Technical Analysis<\/u><\/strong><\/p>\n

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DOLLAR_INDX, H4: <\/strong>Dollar index was traded lower following prior retracement from the resistance level at 93.55. However, MACD which illustrated diminishing bullish momentum suggest the index to extend its losses toward support level at 92.95.<\/p>\n

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Resistance level: 93.55, 93.90<\/p>\n

Support level: 92.95, 92.55<\/p>\n

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GBPUSD, H4: <\/strong>GBPUSD was traded lower following prior retracement from the resistance level at 1.3070. However, MACD which illustrated diminishing bearish momentum suggest the pair to be traded higher in short-term as technical correction.<\/p>\n

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Resistance level: 1.3070, 1.3150<\/p>\n

Support level: 1.2990, 1.2880<\/p>\n

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EURUSD, H4: <\/strong>EURUSD was traded within a range while currently near the support level at 1.1725. MACD which illustrated diminishing bearish momentum suggest the pair to be traded higher in short-term as technical correction.<\/p>\n

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Resistance level: 1.1775, 1.1830<\/p>\n

Support level: 1.1725, 1.1675<\/p>\n

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USDJPY, Daily: <\/strong>USDJPY was traded lower following prior retracement from the resistance level at 106.20. MACD which illustrated diminishing bullish momentum suggest the pair to extend its losses toward support level at 104.50.<\/p>\n

 <\/p>\n

Resistance level: 106.20, 107.95<\/p>\n

Support level: 104.50, 102.95<\/p>\n

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\"\"<\/p>\n

AUDUSD, H4: <\/strong>AUDUSD was traded lower following prior breakout below the previous support level at 0.7160. MACD which illustrated increasing bearish momentum suggest the pair to extend its losses toward support level at 0.7100.<\/p>\n

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Resistance level: 0.7160, 0.7210<\/p>\n

Support level: 0.7100, 0.7030<\/p>\n

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NZDUSD, H4: <\/strong>NZDUSD was traded lower following prior retracement form the resistance level at 0.6665. MACD which illustrated increasing bearish momentum suggest the pair to extend its losses toward support level at 0.6615.<\/p>\n

 <\/p>\n

Resistance level: 0.6665, 0.6710<\/p>\n

Support level: 0.6615, 0.6575<\/p>\n

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USDCAD, H1: <\/strong>USDCAD was traded higher while currently testing the resistance level at 1.3150. However, MACD which illustrated diminishing bullish momentum suggest the pair to be traded lower in short-term as technical correction.<\/p>\n

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Resistance level: 1.3150, 1.3220<\/p>\n

Support level: 1.3100, 1.3045<\/p>\n

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USDCHF, H4: <\/strong>USDCHF was traded lower following prior retracement from the resistance level at 0.9150. MACD which illustrated diminishing bullish momentum suggest the pair to extend its losses toward support level at 0.9095.<\/p>\n

 <\/p>\n

Resistance level: 0.9150, 0.9190<\/p>\n

Support level: 0.9095, 0.9055<\/p>\n

 <\/p>\n

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CrudeOIL, H4: <\/strong>Crude oil price was traded higher while currently testing the resistance level at 41.45. MACD which illustrated increasing bullish momentum suggest the commodity to extend its gains after it successfully breakout above the resistance level.<\/p>\n

 <\/p>\n

Resistance level: 41.45, 43.05<\/p>\n

Support level: 40.55, 39.25<\/p>\n

 <\/p>\n

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GOLD_, H1: <\/strong>Gold price was traded lower while currently testing the support level at 1891.60. However, MACD which illustrated diminishing bearish momentum suggest the commodity to be traded higher in short-term as technical correction.<\/p>\n

 <\/p>\n

Resistance level: 1912.15, 1930.15<\/p>\n

Support level: 1891.60, 1873.50<\/p>\n

 <\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

15 October 2020\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Afternoon Session Analysis   Stricter rules continue pressured on Euro. The single currency of European Zone, Euro received huge bearish momentum recently amid resurgence of second wave Covid-19 loom across Europe. According to the Worldometer Statistics, major countries in European Zone such as France and Germany have recorded new confirmed cases of […]<\/p>\n","protected":false},"author":25,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[13],"tags":[],"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/posts\/144291"}],"collection":[{"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/users\/25"}],"replies":[{"embeddable":true,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/comments?post=144291"}],"version-history":[{"count":0,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/posts\/144291\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/media?parent=144291"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/categories?post=144291"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/tags?post=144291"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}